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“Redemptions from hedge funds totaled $34.6 billion over the past six months, the largest consecutive quarterly outflow since June 2009,” said Sol Waksman, president and founder of BarclayHedge. “Hedge funds redeemed $15.1 billion (0.6% of assets) in Q1 2015, a striking contrast from Q1 2014, when they hauled in $42.6 billion (1.8% of assets).”

Hedge fund industry assets edged up to $2.49 trillion in March from $2.48 trillion the month before, according to BarclayHedge’s estimate based on data from 3,563 funds.

The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry earned 0.5% in March and outperformed the S&P 500, which fell 1.7% for the month.

“Merger Arbitrage funds rose 1.4% in March, the best returns among the thirteen categories we track,” said Waksman. “Fixed Income funds had the strongest inflows in March, taking in $3.2 billion."

The latest TrimTabs/BarclayHedge Hedge Fund Sentiment Survey finds hedge fund managers’ optimism on U.S. stocks sank to a seven-month low in April. The monthly survey finds declining pessimism on U.S. Treasuries amid waning optimism on the U.S. Dollar Index. Sentiment favoring emerging markets hit a twelve-month high, though a narrow majority still expects developed markets to outperform. Managers grew less bearish on gold prices, but most do not expect lower oil prices six months from now.

Press release

www.barclayhedge.com

www.trimtabs.com

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